A recent news story noted that the U.S. Attorney is requesting “extraordinary leniency” for Frank DiPascali. While the date of the sentencing is still to be determined, it will likely be sometime in May.
Letters to the Judge in support of a strong sentence should be sent to:
Honorable Richard J. Sullivan
c/o Victim/Witness Coordinator, Wendy Olson Clancy
United States Attorney’s Office
One St. Andrew’s Plaza
New York, New York 10007
Emails are “strongly discouraged.”
Attorney Helen Chaitman filed a class action suit against SIPC in the 3rd District Court of New Jersey on Wednesday alleging, among other things, SIPC deliberately misrepresented the nature and scope of insurance provided to investors. Plaintiffs bring this action on behalf of themselves and all other Madoff customers who are not entitled to their full SIPC insurance under SIPC’s Net Investment Policy. Click here to read the full brief of the complaint Filed.
Thanks to the efforts of some of our members, we have updated our SIPC/SIPA Information Page with a collection of articles and reports of interest. Click here to view.
Watch Fox News Video here.
Bernie Madoff’s embattled relatives are on a short leash: They have to publicly account for every penny they spend.
Read full article in the Daily News
Thousands of victims of Bernard L. Madoff’s massive Ponzi scheme are anxiously awaiting a ruling in federal bankruptcy court in New York that could determine how much money, if any, they might get back.
But legal experts believe the ruling could also impact how future victims of securities fraud are reimbursed.
Read more on Fox Business News here.
The judge overseeing the liquidation of Bernard Madoff’s defunct business did not issue a ruling today after hearing arguments from victims who say that years worth of fake profit from the fraud should be included in their claims for repayment.
U.S. Bankruptcy Judge Burton Lifland in New York will determine how much money, if any, victims may get from the industry-financed Securities Investor Protection Corp., which must repay as much as $500,000 for each qualifying claim.
Read Bloomberg report on today’s [...]
The L.I. Victims meeting has been set for March 16th, to be held at the Sid Jacobson JCC in East Hills. Click here for meeting details and on-line registration for this event.
REMINDER to NYC and Westchester area victims….If you have not already done so, please register now by clicking here, for the upcoming NYC and Westchester meeting.